Understanding LRBAs A Limited Recourse Borrowing Arrangement allows an SMSF to borrow money to acquire a single acquirable asset, with the lender's rights limited to that asset if the loan defaults. Since their introduction in 2007, LRBAs have become a popular strategy for trustees seeking to acquire property while preserving liquidity within the fund. Although residential property has attracted considerable media attention, LRBAs have also been widely used to acquire commercial premises...

1 July 2026 to 30 June 2027 What's Changed for 2026/27 • Division 296 begins 1 July 2026. An extra 15% applies to earnings on the part of a total super balance above $3m, and an extra 10% (25% total) above $10m. For 2026/27 only, your balance is tested at year-end. • A one-off CGT cost-base reset option also applies as at 1 July 2026 for Division 296. • Concessional cap up to $32,500 (from $30,000). • Non-concessional cap up to $130,000 (from $120,000), with bring-forward limits...

The 2026-27 Budget tax package is now progressing through Parliament, and several late developments have potential implications for SMSF trustees and investors. These include proposed restrictions on borrowing to acquire residential property within superannuation, changes affecting the taxation of investments held outside super, and a range of business CGT measures announced on 18 June. While some long-standing superannuation settings remain unchanged, the interaction of these reforms may...